NGM: retail trade may grow by 6-8 percent this year

This year, retail sales can increase by a pace similar to last year, by an average of 6-8 percent, according to the calculations of the Ministry of National Economy (NGM) – Lenner Áron Márk, Deputy Minister of State of the Ministry told M1 new channel on Tuesday.

He added that macroeconomic prerequisites to be fullfilled, such as the low inflation environment, rising real wages and record levels of employment. In addition, the increased child tax discounts and the personal income tax reduction will also increase the disposable income of the population. (MTI)