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Discover LudwigThe phrase "are receding" is correct and usable in written English.
It can be used to describe something that is moving back or diminishing over time, often in reference to physical objects or abstract concepts.
Example: "The glaciers in the Arctic are receding at an alarming rate due to climate change."
Alternatives: "are diminishing" or "are retreating".
Dictionary
Exact(59)
Such concerns are receding.
Glaciers are receding.
Staples are receding in importance.
Now those dreams, too, are receding.
The lady power-walkers are receding into the distance now.
Foreclosures are rising there as they are receding in some areas where problems appeared earlier.
Bad debts are receding, so future capital demands can be met from retained earnings.
Because the forests are receding, the cost of a bag of cooking charcoal is rising.
But none is really making money, and prospects for doing so are receding into the distance.
But once again: deficits are receding as an issue before our eyes.
In Chile, glaciers are receding at a slower rate than in its tropical neighbours.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com