Mexico's economy rebounding, recession over

MEXICO CITY (AP) — Mexico's government says the economy grew 2.93 pct in 3rd quarter, marking and end to the recession.

Mexico has suffered a severe economic crisis for more than a year, but the new figures released Friday confirm what officials have been saying in recent weeks: the rebound has begun.

The gross domestic product was 6.2 percent lower for July through September 2009 than it was for the same period in 2008.

Mexico's leaders approved a $244 billion budget for 2010 on Tuesday, a slight increase from 2009.