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Honduras Construction
High interests rates, particularly for housing,
continued to
hurt the Honduran construction industry in 1993, but
danger from
high rates was partially offset by some public-sector
investment.
Privatization of formerly state-owned industries through
debt swaps
also negatively affected construction as prices for basic
materials
such as cement increased and credit tightened. A major
devaluation
of the lempira added to the already high cost of
construction
imports. Construction contributed 6.0 percent to the GDP
in 1992.
Data as of December 1993
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