The Department of Finance says GDP will likely fall by 2.5% in 2020 - compared to the last forecast of a 10% hit.
That's mainly due to a surge in exports from the pharmaceutical sector.
The unemployment rate is expected to be 16 per cent at the end of this year - falling to 10 per cent in 2021.
Wicklow Housing Growth Remains Strong
Emergency Road Closure at Cappagh Next Week
UPDATE: Missing 53-year-old
Teen M9 Fatalities Were Known To Gardai in West Wicklow
Talented Wicklow Pair Shortlisted for National AIB Portrait Prize