Allen Young, Staff Writer
Sacramento Business Journal
Jan 25, 2016 – 2:27pm PST
Standard & Poor’s, one of the nation’s top three credit ratings services, has forecast another year of economic growth for the California economy. But in a report released Monday, the agency also warned that the growth may soon end.
“The broader economic recovery, now in its seventh year, has already outlasted most expansions,” wrote analyst Gabe Petek. “We cannot rule out the possibility that financial markets and the economy have peaked.”
The state’s independent Legislative Analyst’s Office recently offered a similar warning.
S&P did not change California’s sound credit rating Monday, and suggested that Gov. Jerry Brown has charted a prudent fiscal course for 2016-17.
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