Tiger economy

[8] The term "European Tiger" describes countries in Central and Eastern Europe, such as the Czech Republic, Hungary, Poland and Romania.

[9][10][11][12] The Pacific Pumas has been used to describe fast-growing and emerging economies in Latin America such as Mexico, Chile, Peru and Colombia.

[13] Countries considered to be "African Lions" are South Africa, Morocco, Algeria, Libya, Botswana, Egypt, Mauritius, and Tunisia.

[15] The establishment of macroeconomic stability and the steadfast pursuit of reforms aimed at constructing a market economy that was integrated with the rest of the world are to be attributed for Armenia's emergence as the Caucasian Tiger.

Dating from 1994, its upturn in output reaches to the experience of the Baltic States and Central Europe and precedes by four to five years the recovery in the rest of the former Soviet Union (FSU).