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.
Peter Thiel Event Will Not Go Ahead In Wicklow Hotel
Powerscourt Estate, where the five-star Powerscourt Hotel and Spa is located, announced the Dialog event has been cancelled - with relief.
Wicklow Receives €10.72 Million to Repair Roads Damaged by Storm Chandra
Wicklow Apprentice Wins ESB HGV Mechanic Apprentice of the Year
A wheely good result for Daniel Diamond from Glenealy!
Wicklow Takes Two Spots In Top Five As Ireland's Best Music Festivals Are Revealed
Beyond the Pale and Kaleidoscope wow the crowds with festival fever flair finishing top five in nationwide research
Short-Term Extension Of Fuel Excise Cuts For Wicklow Families And Businesses
Tanaiste says extending measures is to offset 'cliff-edge' fall for people and businesses while monitoring inflation
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