Georgia election, in retrospect, basically impacts new government’s running (9)
I believe the answer is:
galloping
'running' is the definition.
(thesaurus)
'georgia election in retrospect basically impacts new government's' is the wordplay.
'georgia' becomes 'ga'.
'election' becomes 'poll' (I've seen this before).
'in retrospect' says the letters should be written in reverse.
'basically' suggests taking the first letters (the first letter could be its root or base).
The initial letters of 'impacts new governments' is 'ing'.
'poll' backwards is 'llop'.
'ga'+'llop'+'ing'='GALLOPING'
(Other definitions for galloping that I've seen before include "Having embarked on career" , "Making haste" , "Running fast" .)