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"upward spiral" is an oft-used phrase in written English and is grammatically correct.
You can use it to talk about any kind of process that is continually growing or changing in a positive direction. For example: "The company has been on an upward spiral for the past few years, as its profits continue to increase."
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From then until now, the upward spiral has been extraordinary.
It's a wonderful learning process - an upward spiral of enlightenment.
As prices continue their dizzying upward spiral, funds and institutions pile in.
Carrie's breakdown, an upward spiral of mania and grief, was almost impossible to watch.
This is precisely the upward spiral we are seeking to spark.
If the Nasdaq's upward spiral resumes, still more investors will feel compelled to jump on board.
Smith believes the Indigenous music scene is on an upward spiral.
The result is an upward spiral in both.In the bond market, at least, the spiral looks a little giddy.
Wage inflation has remained tame, preventing the upward spiral of pay and prices that wreaked such harm on previous occasions.
That would create an upward spiral of more productivity and more consumer demand and a richer life, financially and psychologically.
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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