NEW YORK Goldman Sachs does not expect a meaningful pickup in mergers and acquisitions activity in the medium term due to current macroeconomic conditions that have weighed on private equity dealmaking, an executive said on Wednesday.

"For the medium term, the dealmaking environment will indeed be a little bit less robust," Jim Esposito, co-head of Goldman's global banking and markets division, said in an interview at the Reuters NEXT conference in New York.

(Reporting by Lananh Nguyen in New York; Editing by Chris Reese)