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.
UPDATE: Stolen Dog Returned to Wicklow NSPCA Centre In Rathdrum
Fresh Flooding Fears & Wicklow Council Update - New Yellow Rain Alert Kicks In At Midnight
Two Wicklow Post-Primary Schools Get Funds To Extend
Community Hub and Rest Centre Set Up In Aughrim
Emergency Funds Available For Wicklow Households Hit By Storm Chandra