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.
Irish Coast Guard, RNLI and Water Safety Ireland urge everyone to 'Unite to Turn the Tide
July has been one of the busiest months in years for rescue services, with warm weather bringing more people to Wicklow beaches, rivers and lakes.
Bray Wanderers Head To Cobh Amid Apparent Cross-Channel Interest In Seagulls Talent
New Laws Boost Protection In Wicklow Mountains National Park
A dedicated National Parks Bill will put nature conservation first and help manage growing visitor numbers.
Woman Dies In Waters At Wicklow Beach
The incident occurred on the outskirts of Wicklow town, near the Blainroe golf club.
Wicklow Housing Remains Ireland's Most Expensive Outside Dublin
Strong demand, low vacancy and limited housing stock are keeping county prices elevated.
Sunny intervals
High: 23°C | Low: 14°C
Sunny intervals
High: 21°C | Low: 14°C
Sunny intervals
High: 24°C | Low: 13°C
Sunny intervals
High: 24°C | Low: 12°C
Sunny intervals
High: 25°C | Low: 13°C
