The impact of the Iran war on the world’s second-largest economy has been a topic of great speculation. China’s first-quarter GDP figures, due on Thursday, will provide the latest evidence.
Economists polled by Reuters expect annualised growth to hit 5 per cent, up from 4.5 per cent in the fourth quarter of last year.
The new figures will cover one month of the Iran war, which sent global energy prices soaring and has constricted economies around the world. But China has long been grappling with deflation and a temporary increase in energy prices could help to reflate the economy, alongside government initiatives to drive consumption and the growth of the native AI sector.
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