Some interesting insights into global economic conditions and expectations forward from the McKinsey Global executives survey for Q3 2014 (analysis link here):
Geopolitical Instability is still core threat to the global economy:
But it is not related directly to Ukraine. Instead, the source of key instability is MENA:
And expected impact of the risk is in North America, non-Euro area EU (presumably this has to be linked to Ukraine) and the Eurozone:
Gloom and doom overall prevail today, most significantly in North America (June-September swing in worsening expectations from 7% of respondents to 27%), Europe (from 11% of respondents to 28%):
And looking forward (6 months out), poor outlook (expected deterioration) remains in Europe (30%, a decline from 34% of respondents compared to current):
This survey supports recent revisions to global growth by a number of forecasters.