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"on a downward path" is a correct and commonly used phrase in written English.
It means to be moving or progressing in a downward direction, either literally or figuratively. Example: The local economy has been on a downward path for the past year due to the decline in tourism.
Exact(51)
That's why the last government set a debt rule of 40% of GDP and the current one is seeking to get debt on a downward path".
By 1968, the Beatles were on a downward path.
Our starters led us on a downward path of excess.
Germany's "budgetary strategy is not sufficient to bring the debt ratio back on a downward path," the E.U. executive warned.
US annual inflation has been on a downward path since the summer, and economists are expecting further falls.
The hope is that economic recovery from 2014 together with continuing fiscal stringency will put it on a downward path.
Similar(9)
You will see a downward path, take that and use the teeth-like things on the floor as cover.
Or is this a downward path to zero?
Even the gusto that used to follow the club's away support has been diluted by a manager who is leading a club on a slow downward path.
The percentage of the electorate made up of non-Hispanic whites eligible to vote – the core of the Republican Party – is on a steep, downward path, while Hispanics are on an upward trajectory, and blacks are holding their own.
The plan we propose would achieve $2.5 trillion in deficit reduction through 2023, replacing the immediate, mindless cuts of the sequester with smarter, more gradual deficit reduction that would avoid disrupting a fragile economic recovery while putting the debt on a clear downward path relative to the economy over the next 10 years and beyond.
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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