KIEV, April 12 - The International Monetary Fund has downgraded its forecast for Ukraine's GDP growth in 2016 to 1.5% from 2% projected in October 2015.

The projections are stipulated in the World Economic Outlook updated every six months.

"Ukraine's economy is expected to go to recovery in 2016 due to improved consumer and investment sentiment, a gradual increase in real incomes and the gradual easing of credit conditions," reads the document.