Nordic Economic Outlook 2020 The Nordic Economic Outlook is an annual report on the economic development in the Nordic countries in terms of growth, business cycles and public finance. The report is produced by the Nordic Council of Ministers and the content is prepared jointly by the Nordic Group of Macro Analysts (Nordiska konjunkturgruppen) with experts from the Finance Ministries in the five Nordic countries. The group has operated under the Nordic Council of Ministers since 2004 and exchanges information on macroeconomic and structural developments on a continuous basis.