ACT Election Win Signals Economic Changes Ahead, But Economy a 'Big Ship' That Takes Time to Turn

National/ACT victory signals potential changes like lower spending to help curb inflation. But the economy is like a "big ship" that takes time to turn.

Attention likely on reducing government spending and finding savings, which could moderate demand and inflation.

Mini-Budget expected in December, then looking for schedule of government's plans.

Tax relief a probable focus. Striking balance between acting promptly and carefully will be key.

Global issues like worker shortages and climate investment also require navigation amid inflation fight. Productivity improvements important.