DEFINITION of 'TIMP (acronym)'
'TIMP' is an acronym that stands for 'Turkey, Indonesia, Mexico and Philippines.' Similar to BRIC (Brazil, Russia, India and China), the acronym was coined by and investor/economist to group fast-growing emerging market economies in similar states of economic development.
BREAKING DOWN 'TIMP (acronym)'
TIMP was coined by Bob Turner, the chief investment officer of Turner Investment Partners. TIMP nations have very good growth prospects, he believes, due to favorable demographics, political stability, liquid stock markets, well-established legal and financial systems, and diverse industrial bases. Proximity to large economies, such as the United States, the Eurozone and China, is also factored in. (For more, see: Next 11.)