1. An economy that is growing, expanding, or showing upward trends in key economic indicators such as GDP, employment, and investment.
The tech sector has created a booming economy in the region.
O setor de tecnologia criou uma economia ascendente na região.
2. An emerging or developing economy experiencing rapid growth and increased economic activity.
Several African nations now have booming economies attracting foreign investment.
Várias nações africanas agora têm economias ascendentes atraindo investimento estrangeiro.