"The next two years should see some improvement, with a normal monsoon likely to lift agriculture, and exports, industry and services expected to expand on stronger domestic and external demand, " it said.

WSJ: ADB Expects Indian Economy to Expand 6%

Hopes of an end to the squeeze on output got a boost from Venezuela's oil minister Rafael Ramirez, who said exports would improve to at least a third of normal levels next week.

BBC: Oil prices slide from two-year high

It secures normal-trade-relations status for Vietnam, lowering tariffs on its exports to America from an average of 40% to less than 3%.

ECONOMIST: Vietnam: Pulling teeth | The