China Reports 5% Growth; UK Economy Expands as Iran Conflict Clouds Outlook

China’s economy grew 5% in the first quarter, meeting its lowered annual target range of 4.5-5%, marking the least ambitious goal in three decades. The UK economy unexpectedly grew 0.5% in February before the Iran conflict, though geopolitical tensions now threaten to raise energy prices and inflation. Both economies face uncertainty as the regional conflict impacts global markets and commodity costs.

This is a developing story reported by major outlets. Updates will follow as more information becomes available.