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.
Gardaí Investigate Suspected Arson Attack On Cars Outside Arklow Family Home
A family of 11, including four children and a six-week-old newborn, were inside the property at the time
Laughing Gas Is No Joke Warn Health Experts
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Greystones Mourns The Loss Of Beloved Adopted Son Johnny McEvoy
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Tánaiste says he is acting for working families, but critics say the target is tiny and the timing cynical
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8:00pm - 10:00pm
Love Songs on the Coast
Sunny intervals
High: 12°C | Low: 6°C
Sunny intervals
High: 12°C | Low: 6°C
Sunny intervals
High: 11°C | Low: 4°C
Sunny intervals
High: 11°C | Low: 2°C
Sunny intervals
High: 12°C | Low: 2°C