TPS61299: Down Mode

Part Number: TPS61299

Tool/software:

Hi support team,

I have a question about this sentence in 7.3.8 Down Mode:
「In this way, the voltage drop across the PMOS is increasing as high as to regulate the output voltage.」

I assume that the increased voltage drop across the PMOS-FET will temporarily decrease VOUT.
So does that mean there's a need for boosting?

Regards,
Dice-K