GDP growth is expected to continue its gradual recovery since bottoming last year at 0.8 per cent year-on-year - the slowest rate in decades excluding COVID-19.
AMP deputy chief economist Diana Mousina forecasts Wednesday's Australian Bureau of Statistics release will show the national economy grew 0.6 per cent in the three months to June, which would lift the annual rate from 1.3 per cent to 1.7 per cent.
Slightly soft capital expenditure and slightly strong construction work-done figures released by the ABS last week balanced each other out.
But harder-to-forecast business inventories and public spending data, due Monday and Tuesday, still pose a risk to her forecast.
Public spending has been slowing in recent months as some large-scale infrastructure projects wound down.
An uptick in private demand has failed to pick up the slack.
"I think the private sector is still incredibly weak," Ms Mousina told AAP.
"It is a bit of a risk that the GDP numbers stay pretty weak. We could see them running at a lower level than the RBA is expecting for a while."
The Reserve Bank of Australia estimated the economy would grow 1.6 per cent over the year to June earlier this month.
NAB economists expect GDP growth to undershoot that prediction at 1.4 per cent, although CBA, ANZ and the market anticipate annual growth of 1.7 or 1.8 per cent.
But even if economic growth does come in below forecast, borrowers shouldn't think another rate cut imminent, following last week's shock jump in monthly inflation, Ms Mousina said.
Despite RBA staff downgrading their medium-term productivity assumption earlier in August, Australia is still likely to be in negative year-on-year productivity growth.
The RBA has been concerned that lagging productivity could flow through to higher labour costs and inflation.
But Westpac senior economist Pat Bustamante noted that "the fall in aggregate productivity has been skewed by the expansion of the non-market sector, which has a significantly lower level of 'measured' productivity".
This is something which has also declined in the resources sector, with miners running down capital stock and increasingly exploiting lower-grade projects due to booming commodity prices.
Investors won't have to wait long to hear from the RBA, with governor Michele Bullock to deliver an address in Perth Wednesday evening.
On Thursday, deputy governor Andrew Hauser will also be closely watched in an interview with Reuters.
The same day, the ABS will release its household spending indicator for the first time since it ceased its long-running but less comprehensive retail trade series.
Housing data will also take prominence this week.
Monday will see Cotality update its Home Value Index for August and the ABS release building approval figures for July.
Wall Street investors are meanwhile mulling inflation data showing US tariffs have started feeding into prices.
The S&P 500 declined 0.64 per cent to end Friday at 6,460.26 points a day after notching a record-high close, while the Nasdaq declined 1.15 per cent to 21,455.55 points and the Dow shed 0.20 per cent to 45,544.88 points.
US indices will be closed Monday for Labour Day.
Australian share futures climbed 25 points, or 0.28 per cent, to 7,922.
The benchmark ASX200 index on Friday lost 6.9 points, or 0.08 per cent, to 8,973.1, while the broader All Ordinaries gained 1.9 points, or 0.02 per cent, to 9,243.
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