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.
Elderly Man Hospitalised With Serious Injuries Following Bray Bus Collision
Gardaí make call for any footage, including dash-cam, after an incident in Bray involving a bus and pedestrian
Snow Warning Issued For Wicklow After A Day of Wind and Rain
Temperatures are expected to drop to from 9pm. Wicklow County Council has confirmed county roads will be gritted tonight.
Arklow Born Olympic legend Ronnie Delany — Immortalised Forever In Gold Dies Aged 91
Wicklow-born sporting legend Ronnie Delany is remembered fondly in Arklow where he was born and forever immortalised in marble after his golden glory at the Olympics
Wicklow To Receive Government Funding To Bring Vacant Local Authority Homes Back Into Use
€1.36m is allocated to bring vacant social homes back into use in Wicklow
Major Wicklow Train Station Upgrade Moves Ahead as DART Plans Progress
Major upgrade planned for Wicklow Train Station with work on new bridge to begin this year
Heavy rain shower
High: 10°C | Low: 5°C
Heavy rain shower
High: 11°C | Low: 6°C
Heavy rain shower
High: 11°C | Low: 5°C
Heavy rain shower
High: 9°C | Low: 4°C
Heavy rain shower
High: 10°C | Low: 5°C
