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.
Coronavirus Cases In Ireland Rise To 61,059 With 1,908 Deaths
The total number of confirmed cases of coronavirus in the Republic of Ireland has risen to 61,059 with 1,270 cases in County Wicklow.
Gardai Launch Murder Investigation Into Deaths Of Mother And Two Children In South Dublin
A murder investigation's been launched in Ballinteer in South Dublin.
Homeless Figures In Wicklow See Slight Drop In September
23 people are currently homeless in County Wicklow.
Fire Brigade Report High Number Of Bonfires In Recent Weeks
There have been around 700 bonfire call-outs in Dublin in the past six weeks.
€20 Million In Funding Announced For Disability Services
The one off grants will be provided to organisations to improve the quality of life for people who rely on the services.
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