Most countries (and the world as a whole) should be better off as a result of the slump in oil prices, including key emerging markets such as China and India. Of the major advanced economies, Japan is the biggest winner, although there should also be sizeable boosts to the US (still a large net oil importer), the euro-zone and the UK. Aside from the relatively wealthy Gulf producers, the biggest losers include Angola, Venezuela and, of course, Russia.
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