The phrase "a cyclical upswing" is correct and usable in written English.
It can be used to describe a recurring increase or improvement in a particular situation, such as economic conditions or market trends.
Example: "The economy has experienced a cyclical upswing, leading to increased consumer spending and investment."
Alternatives: "a recurring increase" or "a periodic rise".
But most economists put it down to two other factors: a cyclical upswing and a huge improvement in German competitiveness after years of real wage restraint.
There is a cyclical upswing but it is weak, and could be derailed by a re-run of the sovereign debt crisis.
Governors are spending what could be a cyclical upswing in tax revenues on entitlements—such as increased education which will be hard to reduce in a downswing.
"The real question is, 'Will incremental demand from China, India and other places cause sustained higher commodity prices or is this just a cyclical upswing?"' said Michael Parker, fund manager for Mirador Diversified Fund in New York.
Michael Burda, an economics professor at Humboldt University in Berlin, points out that in western Germany the number of unemployed has rarely fallen so far, year-on-year, since the late 1960s.The obvious question is whether all this is merely a cyclical upswing or whether Germany has undergone some deeper, structural change.
Some of the reduction is due to greater fiscal prudence and reduced tax evasion, but it also reflects a cyclical upswing in tax revenue on the back of the economic boom and low interest rates, thanks to the global liquidity glut.
Long-term growth is rarely defined solely by a cyclical industry upswing.
"July's figures suggest the UK construction sector is enjoying its strongest cyclical upswing since the global financial crisis, while a new record rise in employment highlights that construction firms are increasingly confident about the sustainability of the upturn," said Tim Moore, senior economist at Markit.
The drift of the news through this year and next will favour the developed world as the cyclical upswing strengthens.
Ratings (see full report) have improved steadily during the cyclical upswing in the global economy since 2003.
People say the American economy has moved into a phase of sustained growth, whereas in Europe the danger is that it's simply another cyclical upswing.
