Call it the Covid baby bust.

Experts are forecasting declining birth rates this year as a result of the coronavirus pandemic, putting pressure on the consumer giants that manufacture infant formula, baby food and diapers, The Wall Street Journal reported Monday.

Barclays is predicting that births in China will fall 8% this year, while the Brookings Institute is estimating that U.S. births could shrink by half a million, citing the impact of an economic recession, according to the newspaper. This comes as birthrates in the U.S. and China are already at their lowest levels on record.

A sharp decline in the number of births this year means that Nestle's Gerber and Reckitt Benckiser's Enfamil will have fewer parents buying their baby formula. Pampers owner Procter & Gamble and Huggies owner Kimberly-Clark could also see lower sales for their baby segment as a result.

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