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'developing the economy' is correct and usable in written English.
You can use it to refer to the process of improving the economic welfare of a country, region, or organization. For example, "The government has made it a priority to focus on developing the economy over the last five years."
Exact(24)
The energy usage, usually classified into primal (e.g., oil and coal) and secondary (i.e., electricity) categories, is essential in developing the economy, but the development simultaneously produces various pollutions (e.g., carbon emission).
Although pastoralists have a right to development, and HRBA to development is the means for human development, the successive Ethiopian governments have been advancing development at the cost of pastoralists, which has been neither successful in developing the economy nor in 'modernizing' the pastoralists.
The precondition for developing the economy is not damaging the environment.
"We have not been able to come up with a plan for developing the economy".
But we have a dilemma: we have to maintain the balance between developing the economy and looking after protected areas.
It also argues local authorities must take a lead role in transforming their local areas and developing the economy.
Similar(35)
All of these offer substantial opportunities for developing the economies of East Africa.
We demand an investment fund to develop the economy, and social and ecological development.
And long before Hamas, Israel was similarly destroying civilian infrastructure, assassinating Palestinians, closing borders, de-developing the economy and sowing lawlessness and chaos in Gaza; all punishment for not being "co-operative" enough; "moderate" enough; tame enough.
Better to develop the economy by the hand of the state.
The trend to modernize and develop the economy is not entirely new, of course.
More suggestions(16)
providing the economy
developing the sector
developing the agriculture
developing the industry
developing the infrastructure
developing the business
developing the country
preparing the economy
design the economy
growth the economy
provide the economy
builds the economy
create the economy
prepare the economy
develop the economy
development the economy
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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