Nov 26, 2007 8:58 AM The election of a Labor government posed no immediate risk to Australia's economy and is expected to have little impact on local stock and currency markets, when trading resumes this week. Federal Labor has inherited an economy with low unemployment, solid growth and a strong budget surplus and promised to maintain a fiscally conservative approach. Financial market economists say the elevation of Kevin Rudd as prime minister poses little risk to markets, although business may be cautious until it sees the detail of Labor's industrial relations policy. Australian voters...
photo: AP /Richard Drew
