The Finnish Retail Federation predicts modest growth in retail sales for the current year and the next, forecasting approximately one percent growth this year and about one and a half percent next year. Kari Luoto, chairman of the federation, emphasized the importance of not burdening private consumption any further with additional taxes. He suggested that measures to stimulate growth are needed, such as restoring household deductions to previous levels and temporarily abolishing the property transfer tax to boost housing sales, which would, in turn, stimulate construction and aid the overall economy.

Although there are signs of growth in retail sales and a cessation of the decline in wholesale sales from the previous year, the Federation warns that job numbers in the sector will continue to decrease. Economist Jaana Kurje pointed out that despite the slight recovery in sales figures, the structural issues facing the retail sector mean that workforce reductions may persist. The decline in jobs could have broader ramifications on the economy, impacting consumer spending and the overall health of the market.

In summary, while there are positive indicators of growth within Finnish retail, the persistent job losses signal ongoing challenges that need to be addressed. Luoto's call for supportive economic policies highlights the critical need for governmental action to sustain consumer confidence and revive employment in the sector, which is a key component of Finland's economy.