Treasurer Josh Frydenberg has made a bold promise of more jobs and an economy that does better than others, even as domestic growth struggles to gain momentum.
The latest national accounts released on Wednesday showed economic growth slowed to just 0.4 per cent in the September quarter as household spending shrank to its lowest level since the 2008-2009 global financial crisis.
Economists doubt Thursday's monthly retail trade figures for October will show much improvement.
Annual economic growth ticked higher to 1.7 per cent, although this was the result of revisions to past figures.
Mr Frydenberg predicted growth of 2.75 per cent for this financial year in his April budget, but says this will be updated when he releases his mid-year review before Christmas.
The Reserve Bank, the International Monetary Fund and the Organisation for Economic Cooperation and Development have all downgraded Australia's growth forecasts in recent months.
"Australia does face challenging global and domestic economic conditions," the treasurer told reporters in Canberra on Thursday.
"But what we will continue to see is jobs growth and will continue to see economic growth and we will continue to see Australia perform well compared to other economies around the world."
His predictions on employment growth came in a week when job advertising data - a pointer to future hiring - slumped by nearly 13 per cent over the year.
Household consumption remained subdued in the September quarter, despite three interest rate cuts and billions of dollars worth of personal income tax reductions.
Thursday's retail spending figures are forecast to have risen by 0.3 per cent in October compared to the modest 0.2 per cent increase in September that finished off a limp quarter of spending.
Consumers seem more intent on saving and paying down debt.
Exports were a major contribution to economic growth in the September quarter.
However, monthly international trade figures also on Thursday are expected to see the trade surplus narrow to $6.5 billion in October from $7.2 billion in September.
Westpac predicts exports will decline by almost three per cent as a result of a fall in iron ore prices and volumes, and a decline in gold prices.