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The phrase "accelerate sharply" is correct and usable in written English.
It can be used to describe a sudden and significant increase in speed or rate, often in contexts related to economics, technology, or physical movement.
Example: "The company's profits began to accelerate sharply after the launch of their new product line."
Alternatives: "increase rapidly" or "rise steeply."
Exact(13)
This trend is now likely to accelerate sharply.
We expect consumer price inflation to accelerate sharply from this point onwards, averaging 2.7% in 2017.
And it often takes much longer than that before profits accelerate sharply.
Analysts expect sales of the new drives to accelerate sharply in 2010 and 2011.
Even if job growth were to accelerate sharply in coming months, the economy would be years away from so-called full employment.
In both domestic and foreign affairs, however, Nasser began a turn to the right that his successor, Anwar el-Sādāt, was to accelerate sharply.
Similar(45)
In America, productivity growth appears to have accelerated sharply in the past few years although Mr Brynjolfsson would argue that the acceleration would look milder if the costly investment in organisational change could be properly measured.
But it has accelerated sharply under austerity.
This trend accelerated sharply with the demise of colonialism four decades ago.
Dinkins, but accelerated sharply during the Giuliani administration.
The disclosure confirmed widespread suspicions that Chrysler's slide had accelerated sharply.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com