The Central Bank is predicting the economy will shrink by 0.4 per cent this year.
The figure in its latest quarterly bulletin, is in contrast with the 9 percentage point fall that was forecast in July.
It expects domestic demand to drop by just over 7 per cent, but says a strong exports market will reduce its impact.
However the Central Bank is warning some sectors will be worst affected than others.
Wicklow Stick With Winning Formula Ahead Of Antrim Trip
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Wicklow Is Ireland's Fastest Growing County For First-Time Buyers As Mortgage Demand Surges Nationally
Wicklow has the strongest growth recorded anywhere in the country in the first-time house buyer market underling the popularity of the county
Could You Help Shape The Future of Rathdrum?
The Town Team is looking for new members. Read on to find out more!
Wicklow Tourism Employer Recognised at Fáilte Ireland Employer Excellence Awards
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Bray's Under The Giant Concert Featuring Craig David Is Postponed Until 2027
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Light rain shower
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