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One of America's top economists has warned that a significant downturn in the world economy, led by the United States, could be a defining story of 2016. A former Treasury Secretary in the administration of President Bill Clinton and Director of the National Economic Council under President Barack Obama, Larry Summers was sharing his insights for the year ahead at the Council on Foreign Relations in New York. For more News visit: http://www.sabc.co.za/news Follow us on Twitter: https://twitter.com/SABCNewsOnline?lang=en Like us on Facebook: https://www.facebook.com/SABCNewsOnline