The plummeting oil costs are affecting the world in two different ways, for exporters this is serious loss of profitability (Saudi Arabia, Russia, United Arab Emirates, Kuwait, Nigeria…), and for importers (USA, China, Japan, India, South Korea…) that’s the chance to take the profit and provide increased real income for their consumers.

The OPEC (Organization of the Petroleum Exporting Countries) decided to keep the oil production around 30 million barrels a day, this decision maintain an abundant supply in world market and until now who loses are OPEC members and USA historic rivals.

With prices at this level (U$ 60-U$70), Venezuela, Russia and Ira had reduce public spending, their currencies lost value and it affected directly the GDP growth. Mainly USA, Eurozone members and China had a major positive impact, almost as a boost to their economies.

What about Brazil?

The consequence to the country can be seen in a…