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.
29C Highs In Wicklow With Temperature Warning From Tomorrow
The hosepipe ban remains in place for another two weeks amid this latest hot spell.
Wicklow Wexford TD Wants To Create A "Tobacco-Free Generation"
Suspicious Device Prompts Security Alert In Co. Kildare
Motorists travelling between Kilcullen and West Wicklow may be impacted.
Patients Urged Not To Attend GP Practice In Bray Amid Suspension Order
The Medical Council has issue a strong warning regarding Dr Regine Grah, who is suspended from the Medical Register by order of the High Court.
Anti-social Behaviour In Bray Raised With Justice Minister
Wicklow TD Edward Timmins contacted Minister Jim O'Callaghan as residents in the Boghall Road area report ongoing problems.
Sunny intervals
High: 25°C | Low: 16°C
Sunny intervals
High: 22°C | Low: 15°C
Sunny intervals
High: 25°C | Low: 14°C
Sunny intervals
High: 28°C | Low: 16°C
Sunny intervals
High: 27°C | Low: 15°C
