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Discover LudwigThe phrase "is slowing" is correct and usable in written English.
It can be used to describe a process or action that is gradually decreasing in speed or intensity.
Example: "The traffic is slowing as we approach the construction zone."
Alternatives: "is decreasing" or "is diminishing."
Dictionary
is slowing
adjective
Taking a long time to move or go a short distance, or to perform an action; not quick in motion; proceeding at a low speed.
Exact(60)
Growth is slowing.
China's economy is slowing.
Credit growth is slowing.
Investment is slowing.
The economy is slowing.
Economic growth is slowing.
UK manufacturing is slowing.
GROWTH in India is slowing.
But house-building is slowing.
But its economy is slowing.
And revenue growth is slowing.
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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