Biggest economic threat in '24? Geopolitics.

The biggest economic threat next year comes from geopolitical bad actors "who with one action can upset economic and market assumptions globally," a new survey of 500 institutional investors finds.

Driving the news: The annual survey from Natixis ranked the threat higher than central bank policy mistakes, consumer pullbacks, or China's sluggish economy.

Why it matters: We're in a post-COVID world now, where relationships and alliances are breaking down.

That was evident last year, too, when war was the top economic risk identified in the Natixis survey.