Financial crisis should result in better financial journalism

The author at the Asia Media Summit, an annual gathering of media professionals from Asia and other parts of the world
The author at the Asia Media Summit, an annual gathering of media professionals from Asia and other parts of the world

The current financial crisis has highlighted the need for media institutions to build the capacity of journalists to report on finance, one of the speakers at the 6th Asia Media Summit told participants.

I agree with her.

Amid the fear and the confusion spawned by the global economic meltdown, journalists must tell the public what’s really going on, using language that the people can understand.

Thus, journalists must be equipped with the necessary skills and knowledge to report on financial matters.

Otherwise, they would just end up with writing articles that only analysts from Wall Street would be able to comprehend. Worse, they could end up with writing items that they themselves wouldn’t understand.

The financial sector and the media should work hand in hand to improve the financial reporting skills of journalists. Both of them, plus the public, would benefit from such cooperation.

 

BBC

Easy-to-understand definitions of financial terms used in news reports

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