According to Paul Bloxham, chief economist at HSBC in Australia, the Australian economy is still growing at a solid, albeit below-trend pace, and Q4 GDP is expected to show growth of 2.5 percent year-on-year.
However, the pace of economic growth is insufficient to generate a pick-up in inflation and underlying measures of inflation will drop below the bottom edge of the RBA's target band of 2-3 percent in the coming quarters, added Bloxham.
Australia will also release its fourth-quarter balance of payments on Tuesday, which Moody's Analytics expects to have narrowed to A$16.4 billion ($11.7 billion) from A$18.1 billion ($12.9 billion) in the third-quarter.
Finally on Friday, Australia's January retail sales will likely be the bright spot after a week of weaker data; they're slated to show an uptick of 0.4 percent month-on-month, after staying unchanged in December.
Stronger retail sales come on the back of accommodative monetary policy and a buoyant labor market, which are supporting household spending, said Moody's.
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