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zloty Definitions

noun

złoty, the currency unit of poland, divided into 100 groszy.

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  • the polish economy grew rapidly in the mid-1990s, slowed considerably in 2001 and 2002, and returned again to healthy growth rates in 2003. poland’s gross domestic product (gdp) grew at an annualized rate of 5.2% in the first quarter of 2006. faster growth has begun to reduce persistently high unemployment, from nearly 20% in the middle of 2004 to 16.5% in may 2006. tight monetary policy and dramatic productivity growth have helped to hold down inflation, which was 2.1% in 2005. likewise, poland's current account deficit, which grew rapidly in the late 1990s, has since moderated to 1.4% of gdp in 2005. the 2005 budget deficit was 27.5 billion zloty, or 2.8% of gdp in 2005, and the current government pledged to restrain the 2006 and 2007 budgets at 30 billion zloty. factmonster.com

  • the polish economy grew rapidly in the mid-1990s, slowed considerably in 2001 and 2002, and returned again to healthy growth rates in 2003. poland’s gross domestic product (gdp) grew at an annualized rate of 5.2% in the first quarter of 2006. faster growth has begun to reduce persistently high unemployment, from nearly 20% in the middle of 2004 to 16.5% in may 2006. tight monetary policy and dramatic productivity growth have helped to hold down inflation, which was 2.1% in 2005. likewise, poland's current account deficit, which grew rapidly in the late 1990s, has since moderated to 1.4% of gdp in 2005. the 2005 budget deficit was 27.5 billion zloty, or 2.8% of gdp in 2005, and the current government pledged to restrain the 2006 and 2007 budgets at 30 billion zloty. infoplease.com