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.
Tragedy In Wicklow After Man In His 40s Dies While Swimming in The Harbour
A search and recovery operation was launched on Wednesday evening
Strike Action Will Begin Thurs Aug 28th. Schools Instructed To Open As Normal
Secretaries and caretakers represented by the Fórsa trade union are due to begin strike action tomorrow
SETU Offers Online & Chat Support To Students as CAO Offers Are Released
"It’s natural to feel overwhelmed, but it’s important to remember you are not alone"
Street Lighting In Arklow And Across South Wicklow Continues To Cause Concerns
Local TD slams public lighting situation in Arklow and South Wicklow
Nothing To Report Says Uisce Éireann Amid Rising Odour Concerns In Greystones
Uisce Éireann says the operators of the plant proactively review treatment processes on site.
8:00pm - 10:00pm
Love Songs on the Coast
Light rain
High: 18°C | Low: 13°C
Light rain
High: 18°C | Low: 13°C
Medium-level cloud
High: 18°C | Low: 12°C
Light rain
High: 16°C | Low: 11°C
Light rain
High: 17°C | Low: 12°C