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If you push out the whole distribution of child births, some of those would-be child births will not happen. Female fertility falls rapidly after 35[1]. It's not something you can simply delay across the population and expect to get the same total reproduction rate. People will have fewer kids than they otherwise would have.

[1] https://en.wikipedia.org/wiki/Age_and_female_fertility#Quant...

Plus access to contraceptives, sexual education, and economic and social considerations -- lot of factors that could contribute to the drop in <24 year old group.

>I'd expect this to pick back up barring any adverse economic conditions.

I expect that it won't pick back up because adverse economic conditions have already arrived.