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Money, technology, recession: the world according to a Goldman intern

The interns of Goldman Sachs Group Inc. overwhelmingly expect the US economy to plunge into recession.

The interns of Goldman Sachs Group Inc. overwhelmingly expect the US economy to plunge into recession, and view climate change as one of the most pressing issues of the next decade, a study finds.

Of the 2,470 summer interns who completed the annual survey, 86% expect a recession, the Wall Street giant said on its website on Wednesday. Those surveyed called climate change, artificial intelligence and geopolitical tensions the most pressing issues facing the next 10 years.

Amid a wave of digital banking and currencies, 47% of interns surveyed reported using telephone payments, while only 2% reported using cash. Despite the popularity of digital resources and services, 99% of interns said they prefer face-to-face relationships. Goldman Sachs is one of Wall Street’s most aggressive proponents of bringing the workforce back to their desks.

An internship with Goldman Sachs is one of Wall Street’s most competitive and valued positions for aspiring bankers and can lead to job opportunities with the firm. This year, the bank received a record 236,000 applicants for 3,700 summer internships worldwide.

Only 45% of interns expect to get married or enter into a formal relationship, up from 88% in 2021.

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