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.
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Wicklow Coastguard Urges Safety First for Christmas and New Year Dips
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Wicklow Commuters To Benefit As New DART Trains Set To Transform Coastal Commuting
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Shaping the Future of Newtownmountkennedy: A Town Team’s Vision for Growth and Community
The Town Team in Newtownmountkennedy is shaping one of Ireland’s fastest-growing towns with a community-led plan for vibrant streets, green spaces, and local services
North Wicklow GP Advice As Flu Season Hits Hard Locally
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2:00pm - 6:00pm
More Music Weekend
8:00pm - 1:00am
Relaxing favourites with Traic O'Braonain
Sunny intervals
High: 3°C | Low: -2°C
Sunny intervals
High: 3°C | Low: -1°C
Sunny intervals
High: 3°C | Low: -3°C
Sunny intervals
High: 3°C | Low: -4°C
Sunny
High: 3°C | Low: -3°C