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.
Wham Bram Leaves Wicklow All Shook Up As Power Outages Hit Garden County
Storm Bram has left plenty of debris in its wake after it caused severe disruption throughout County Wicklow on Tuesday
UPDATE - Missing Alex Kenna Has Been Located
The 16-year-old was reported missing on Monday, December 1st, but has since been located
GP Shortages in Wicklow AS Patients Struggle for Access During Flu Season
County Wicklow faces a shortage of GPs, leaving residents — especially in Blessington — with limited access to care. Rising flu cases are adding pressure, highlighting the urgent need for more doctors and better support for existing practices.
Wicklow Added to Status Orange Wind Alert from 7am Tuesday
Duvet Day anyone?
World Class Brittas Bay Golf Links Set To Close For 18-Month Long Renovation
The European Club owners, father and son duo Raymond and Nicky Conlan, have confirmed that they are planning to transform the renowned seaside course into one of Ireland’s premier golf destinations.
8:00pm - 10:00pm
Love Songs on the Coast
Sunny intervals
High: 12°C | Low: 10°C
Sunny intervals
High: 11°C | Low: 9°C
Sunny intervals
High: 11°C | Low: 8°C
Sunny intervals
High: 11°C | Low: 8°C
Sunny intervals
High: 11°C | Low: 8°C