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.
Not Yet Shaken Or Stirred: Greystones Actor Steps Into Young James Bond Role
The Name’s Bond.......... Patrick Bond
Storm Chandra Road Repairs Still “Under Consideration” As Local TD Warns Of Safety Risks
Brian Brennan is exasperated at the lack of movement in road repair funding for south Wicklow, five months on from Storm Chandra's impact.
Whale Theatre Secures €20,000 In National Grassroots Funding Boost
Greystones venue gets much-needed funding to maintain its popular output of varied forms of entertainment
Local Food & Foraging Crowns Young Wicklow Chef A Winner
Donal Byrne's Wicklow Rabbit Risotto is a celebration of rural living, honest ingredients and flavours of the land.
House In Delgany At The Centre of Burglary & Harassment Charges
Brian McDonagh has previously been charged with the production of a shotgun during a dispute, unlawful possession of a firearm, and the wilful obstruction of a sheriff, at the property.
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Love Songs on the Coast
Sunny intervals
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Sunny intervals
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Sunny intervals
High: 21°C | Low: 13°C