Socially? Would never happen. Imagine our population is just stock. It goes up and down depending on how good things look. At some point, it cannot continue as it’s not financially feasible. But when it drops back down into realistic numbers, balance goes up again.
You can see this behaviour in the generations (Z, Y, X, Boomer, Pre-war, etc.) These generation changes are marked by a tipping point of birthrate increasing or decreasing in a nation—typically globally, which is why we all tend to agree on the start/end of generational eras within 3–5 years.