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The Associated Press August 20, 2010, 2:31PM ET

Mexican economy rebounds with big Q2 growth

The government says Mexico's economy grew 7.6 percent in the second quarter of 2010 compared to the previous year's quarter, the largest jump since the 2009 global economic crisis plunged the country into recession.

The National Institute for Statistics and Geography reports that the gross domestic product increase was driven mostly by a 7.8 percent growth in the industrial sector.

The institute reports Friday that the rebound also came from a 7.4 percent increase in services and 4.8 percent climb in the agricultural sector.

The country saw a big jump in sales of automotive products to the United States, analysts say.

Mexico had a GDP drop of 6.5 percent in 2009, its largest in decades.


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