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.
Pure Magic! 20 Years of Keeping Wicklow Uplands Clean
Pure has removed over 4,300,000 kg of waste from more than 17,000 illegal dumping sites across the uplands since 2006.
EU Defence Ministers Descend on Wicklow as Government Pledges €10m More for Ukraine
Wicklow is the centre of EU diplomacy for a few days at least at the beautiful Druids Glen
Old Recording Adds To Intense Concern About Road Safety
The footage of dangerous driving on the N11 near Kilmacanogue was widely shared .
Wicklow Farmers Praised & Reminded About Vigilant Pesticide Use
'Only use pesticides when necessary and after considering all alternative control methods.'
Matchroom Tee Up Katie Finale With Astonishing Promo Video Narrated By Barry Keoghan
Bray's Own Katie Taylor Gets Emotional Send-Off in New Fight Promo
Sunny intervals
High: 20°C | Low: 15°C
Sunny intervals
High: 20°C | Low: 15°C
Heavy rain shower
High: 20°C | Low: 13°C
Sunny intervals
High: 20°C | Low: 14°C
Heavy rain shower
High: 19°C | Low: 14°C
