Global demand is also projected to rise in the second half of this year. Economic growth projections have been revised upwards for the second half of this year as well. In Canada, we see demand being projected to increase later on as well, for similar reasons.
Leaving stimulus aside for a second, what's very important to me and what I'm concerned about is what's called economic scarring. There are compounded affects on business investment and labour market scarring in terms of lifetime income and things along these lines. These are longer-term impacts that we'll see well after we have the health aspects of the pandemic in the rear-view mirror. Focusing on that is going to be very important in shifting from rebound to recovery.