Ireland is out of recession. The economy grew by 0.3% in the third quarter, compared with the previous quarter.
But the government is expecting a contraction of 7.5% for the full year, and a further small drop in GDP next year.
The government recently unveiled cuts worth â¬4 billion in spending to rebalance the country's finances.
The Irish Republic was once one of the fastest-growing in Europe, but it is now among the most heavily indebted in the eurozone, with a deficit amounting to 12% of GDP.