In Asia, the other focus for markets will be Japan.
Japan's economy shrank an annualized 0.8 percent in the July-September period, official data showed early Monday, worse than the expected 0.2 percent contraction and following a 1.2 percent contraction in the preceding quarter due to a drop in capital spending and weakening external demand across Asia, in particular China.
This puts Asia's second-largest economy in a technical recession, usually defined as two consecutive quarters of economic contraction.
"The good news was private consumption was fairly solid, but what's worrying going forward is the strength of capex. It has been weakening for the past couple of months on the back of slower trade and I think that's the number that the Bank of Japan will be worried going forward," Izumi Devalier, Japan Economist at HSBC, told CNBC Asia's "Squawk Box" on Monday.
Meanwhile, October trade figures due Thursday will likely continue to paint a disappointing picture for exports amid a slower growth in China, one of Japan's major trading partners.
"Japan's trade deficit likely narrowed to 80 trillion yen in October, as falling imports outpace the drop in exports. Low global commodity prices and lackluster domestic demand are behind the ongoing decline in imports, and this is likely to continue in the near future. Weak Chinese demand is dampening export growth in the region, and this is dragging on Japanese exports as the effects of the weak yen fade," Moody's Analytics said in a report released on November 13.
Despite sputtering growth and persistently low inflation, Bank of Japan (BOJ) Governor Haruhiko Kuroda has repeatedly downplayed the need for fresh policy stimulus, reiterating his optimism that a consumption-driven recovery will eventually take hold. As such, analysts believe that the central bank will likely maintain its massive stimulus program at Thursday's policy meeting.
"We don't think the BOJ is going to move. We don't think further stimulus is in the pipeline for now and the GDP print doesn't change the picture," HSBC's Devalier said.
"Our stance is that the BOJ and the government are comfortable with where the yen is. Unless there's a significant deflationary shock in the form of a very strong currency or a significant decline in equities, their inclination is to hold. Instead we think it's the government [who will be doing the] heavy lifting; we expect the government to formalize another round of fiscal stimulus package after this GDP report," she added.
Read MoreMore easing won't solve Europe, Japan's problems: Weber
Elsewhere in Asia
Thailand is also on GDP-watch on Monday. According to economists polled by Reuters, Southeast Asia's second-biggest economy is estimated to grow 1.65 percent in the third quarter on a seasonally-adjusted basis, up from 0.36 percent in the April-June period.
On an annual basis, growth is expected to come in at 2.6 percent, lower than the second quarter's 2.8 percent.
"The contraction in year-to-date industrial production growth widened to 4.4 percent in September. We think the draught and the Bangkok bombing in August dented agriculture and services growth respectively. However, public spending, which helped raise growth to 2.9 percent in [the first half of 2015], remained in play," Tim Condon, head of research for Asia at ING Financial Markets, wrote in a note on Friday.
Monday also brings India's wholesale prices, which are expected to chalk up their 12th straight month of declines in October amid stubborn weakness in global oil prices. The wholesale price index (WPI) likely fell 3.7 percent in October from a year earlier, according to Moody's Analytics, compared with a drop of 4.54 percent in the preceding month.
Meanwhile, recent comments from Bank Indonesia (BI) Governor Agus Martowardojo suggest that the central bank is unlikely to cut interest rates when it convenes its monthly policy meeting on Tuesday.
BI will continue to focus on stability over growth policy and a rate cut in the near term was unlikely, Governor Martowardojo told Indonesia's largest English broadsheet, The Jakarta Post, on November 10.
Indonesia's central bank has kept its benchmark interest rate on hold at 7.5 percent since February, despite heightening calls for a rate cut to promote economic growth. The country's chief economic minister said earlier this month that BI had room to cut interest rates after inflation eased to 6.25 percent in October.
Lastly, China's nationwide house price index for October will be released on Wednesday at 9.30am local time.
— Reuters contributed to this report