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The phrase "the boom" is correct and usable in written English
It can be used to refer to a sudden increase or growth in a particular area, such as the economy or a specific industry.
Example: "The tech industry experienced the boom of the 1990s, leading to significant advancements in technology."
Alternatives: "the surge" or "the upswing."
Dictionary
Exact(60)
The boom has passed.
SWING Rotate the boom.
Cramer studied the boom.
The boom is over.
But the boom is over.
Well, the boom didn't happen.
"Suddenly the boom is here".
These were the boom years.
Then the boom went bust.
ARE the boom years back?
The boom has now abated.
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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