'thus boosting' is a correct and usable phrase in written English.
You can use it to describe the effect of an action, such as a policy or activity. For example, "The new tax legislation has resulted in increased spending, thus boosting the economy."
Players often returned their bonuses, thus boosting the pot.
Not only that, you'll have readers who leave encouraging comments on your message board, thus boosting your morale.
Some fear Turkey is turning its back on the west and looking eastward, thus boosting its prestige among Arab countries.
It can help growth by weakening the dollar and thus boosting exports.
Germany could avoid the need for QE by running down its budget surplus, thus boosting consumption and helping other eurozone countries.
Party officials believe that urbanization will raise the country's standard of living, thus boosting domestic consumption and rebalancing China's export-reliant economy.
Moreover, the record industry, always hot for something new, began to invest in such goals, thus boosting production values.
Have any of his companies bought copies of the book to distribute at rallies, thus boosting sales and royalties, but eating into the net benefit?
Minimum-wage laws, by raising the price of labor, may end up reducing the demand for it, thus boosting the number of jobless people.
Pioneered in the US, fracking's advocates, including David Cameron, say it is safe for people and the environment, and reduces reliance on imported gas, thus boosting energy security.
In Europe and Japan, "open access" rules require network operators to lease parts of their networks to other firms on a wholesale basis, thus boosting competition.
