Since the national economy has shown undesirable results in the monthly rate of inflation, it is imperative that the government urgently enact measures to stave off the withering economy. Otherwise, the Brazilian economy will not be able to recover its purchasing power, which helps feed new investments back into the market. Flavio Maluf, CEO of Eucatex, is particularly concerned about the current situation of the Brazilian economy.
Maluf explains that the current economic conditions are very troubling, and made even more serious by several months of political uncertainty. The strong measures that the government needs in order to turn the economy around are non-existent. Flavio Maluf believes that if the recent political turmoil with the government’s lack of credibility continues, the economic perils of inflation will erase any purchasing power that the average Brazilian had. Drastic measures need to be taken in order to stem the rise in inflation.
Eucatex is fortunate enough to offer a very diverse family of products for several industries, which gives it an additional measure of certainty in an uncertain economy, and Eucatex has a good perspective on its industry sectors. Flavio Maluf has been the CEO of Eucatex since 2005. Production costs end up passed on; currency fluctuation and rising inflation further erode an already-limited purchasing power that the average Brazilian has. Flavio Maluf knows that the production sector of the country needs the government to adopt measures which will meet the challenge of the current economy and restore Brazil’s image in the international market, as well as restore the purchasing power of Brazil’s citizens. Flavio is also known for his stance on taxes, as well as talking about the future of Brazil’s young entrepreneurs.