The phrase "a new growth path" is correct and usable in written English.
It can be used in contexts discussing economic development, business strategies, or personal development where a new direction or approach is being proposed.
Example: "The company is exploring a new growth path to enhance its market presence and increase profitability."
Alternatives: "a fresh development trajectory" or "an alternative growth strategy".
Thus, Mr. Immelt must now set a new growth path for General Electric -- and sooner than he had expected.
BP's chief executive, Robert Dudley, is eager to steer his company on a new growth path after it was forced to sell assets to pay for the accident in the Gulf of Mexico.
Mark Thoma asks if we're stuck in low growth forever: "I believe we will eventually recover to a new growth path that is near, but a bit lower than the old one.
HONG KONG — The economies of developing Asia appear to have settled into a new growth path that will allow the region to expand by between 6 percent and 7 percent a year — a pace that is significantly slower than that seen before the global financial crisis, yet represents a firm trajectory that could last over the next decade.
"We are on a new growth path.
Others say Apple's convergence strategy is blazing a new growth path as the PC market becomes commoditized.
It added: "The new growth path is being reinforced in part by improved fiscal management.
Patel's ambitious new growth path (NGP), launched in November, aims to create 5m jobs by 2020, thus reducing unemployment to 15%.
It needs a new growth engine.
The first step in understanding how the income re-distribution can lead to innovation and help an economy move from a stagnant state into a new sustainable economic growth path is to understand how long-term trends in rising and falling income inequality affect the market environment that firms must survive in.
The next steps should be to set the economy on a new long-term growth path, based on increased productivity.
