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Russia and Brazil becoming new epicenters of coronavirus

Outbreaks in heavily indebted countries pose risk to global economy

COVID-19 cases are rapidly rising in countries such as Brazil and Russia, even as they contemplate loosening restrictions on private business activity. (Reuters and AP)

SAO PAULO/TOKYO -- While the U.S. and Europe move to reopen their economies, novel coronavirus cases are increasing rapidly in a number of big developing countries. New infections in developing countries have overtaken those in the rich world, with the number of new confirmed infections hitting 50,000 on Friday.

Developing countries are rushing to reopen their economies despite weak health care systems, sparking fears of an explosion of infections. Severe COVID-19 outbreaks in heavily indebted nations could drag on the world economy.

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