The phrase "cyclical upswing" means a period of time when something, like the economy, is experiencing a temporary and positive growth or improvement before eventually returning to its normal pattern. Full definition
IMF sees global cyclical upswing continuing The global economy grew 3.8 % in 2017, the International Monetary Fund said in its April World Economic Outlook, and is expected to grow at a 3.9 % pace this year and next. (mfs.com)
The IMF encouraged a shared endeavour among economies to make reforms, saying on Monday that the current cyclical upswing provided a good opportunity to do so. (cnbc.com)
Maury Obstfeld, economic counsellor and research department director at the IMF, told CNBC Monday that there was a broad cyclical upswing but many of the factors driving growth were temporary in nature. (cnbc.com)