Day: February 5, 2024

Development of sales has its risks in the commerce sector – the government must ensure consumers' purchasing power  

The turnover of retail trade decreased by more than three per cent last year. This year, sales are forecast to decrease by about one per cent. Towards the end of the year, improving purchasing power will start to drive up retail business. Driven by international competition, the need to improve productivity and efficiency will continue to be reflected in employment in the commerce sector. It is important that the government considers consumers' purchasing power in its decisions.