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.
Uisce Éireann Slammed In The Dáil For Blocking Housing In Rural Wicklow
Ardmore Studios Hails Oscar Nominations For Blue Moon Including For Bray Favourite Ethan Hawke
Calls For Wicklow County Council To Stop Using X Immediately
Coillte invites Wicklow primary schools to enter National Tree Week photography competition
Katie Taylor Champions Lidl Women’s Sport Campaign As She Address Croker 'Dream' Swansong