The FT’s Lauren Fedor and Derek Brower look back on the moments that stood out in 2025 and offer their predictions for what’s to come in the new year.

Mentioned in this podcast:

Forecasting the world in 2026

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Swamp Notes is hosted by Marc Filippino and produced by Henry Larson. This week’s show was mixed by Sam Giovinco. The FT’s acting co head of audio is Topher Forhecz. Special thanks to Pierre Nicholson. 

The FT does not use generative AI to voice its podcasts.

CREDIT: Zohran Mamdani for NYC, CBS News, ABC News, The joint congressional committee on inaugural ceremonies, CNBC

Read a transcript of this episode on FT.com

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