The Brazilian Economic performance reports are out, and the country still limps. According to the Brazilian Institute of Geography and Statistics (IBGE), the economy grew by a marginal 0.4 percent for the first quarter of 2018 compared in relation to its performance for the last quarter in 2017. While the performance represented a 1.2% increase compared to the results posted in the first quarter of 2017, industry analysts continue to pinpoint to the different factors pressing the economic performance down. Read more about Flavio at terra.com
Agriculture hinders economic rejuvenation
According to Flavio Maluf, the chief executive officer for Eucatex group of companies, agriculture played a key role in pulling down promising economic performance. Compared to a similar period last year, the gross domestic product for agriculture and livestock fell by 2.6% thus dragging the national GDP for the quarter. Flavio goes on to attribute this sluggish agricultural sector performance to a series of avoidable circumstances. He would particularly lay the accusing finger on the truck drivers demonstration that started in mid-May and lasted for ten days.
Flavio argues that the demonstrations occurred during the harvesting period of some of the country’s most promising agricultural products, sugarcane and maize. He further argues that the paralyzed distribution disrupted the production process for cane by 19% and maize by a further 33%. He is however confident that the sector exudes a lot of promise and expects to post positive performances for the end year results.
More about Flavio Maluf
Flavio is a business administration graduate from New York University as well as a renowned Brazilian entrepreneur. He took reigns of his family business Eucatex group from early on and steered it into excellence. The Grand Group Food group founder started within the trade area of his family business before climbing up his career level to the group’s president level. His contribution to the company includes the establishment of a recycling plant within the factory system.
More about of Flavio Maluf: https://pt.wikipedia.org/wiki/Fl%C3%A1vio_Maluf