boom

/buːm/ verb [I] ECONOMICS, FINANCE

Definition

› to experience an increase in economic activity, interest, or growth: Small businesses have boomed, since the government passed a new law making it easier to set them up. Business is booming, producing increased earnings. With the economy booming, opportunities have never been better for entrepreneurs. → See also boom and bust

(Definition of boom verb from the Cambridge Business English Dictionary © Cambridge University Press)