The International Monetary Fund has cut its forecast for economic growth for oil exporters in the Middle East and Africa from a month ago as oil prices have fallen, Bloomberg has reported. The fund's new forecast for the region's oil exporters is 4.3%, down from 4.5% in its April report. Crude has slumped almost 20% this month, to about $70 a barrel. However, growth will still be almost three times faster than the 1.5% that the oil exporters recorded last year, the report said.