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.
Full Programme Unvealed For Wicklow During National Heritage Week
Bat Walk anyone? Over 80 events are planned in the county with walks, talks, open days and demonstrations to pick from.
Wicklow Parents Braced For Heavy School Return Costs, Survey Finds
More than half of parents are worried about meeting the costs associated with ' back to school '
Bray Auction House To Host Bids For Katie Taylor Portrait
Wicklow Leads Electric Vehicle Surge as National Car Sales Hit Record July
Wicklow Skies Alive As Bray Air Display Wows The Crowds
8:00pm - 10:00pm
Love Songs on the Coast
Light rain shower
High: 18°C | Low: 11°C
Light rain shower
High: 19°C | Low: 11°C
Light rain shower
High: 19°C | Low: 9°C
Light rain shower
High: 17°C | Low: 8°C
Light rain shower
High: 19°C | Low: 8°C