Coverage of the Global Financial Crisis in the Russian Business Media

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Maria A. Razumova

PhD Student at the Chair of Media Theory and Economics, Faculty of Journalism, Lomonosov Moscow State University, Moscow, Russia

e-mail: marial307@mail.ra

Section: Modern Journalism: Subjects and Issues

The article focuses on coverage of the global financial crisis in Russian business publications. The analysis covers the period since January 2007 till November 2013. The survey presents the transformations of journalists’ perception of financial crisis: from optimistic one in 2007 via more confused but sill full of positive hopes on fast recovery in 2008 to 100% acceptance of global recession in 2009. On the basis of the concrete examples the author reveals the reasons of reporters’ mistakes and sources of wrong forecasts.

Keywords: business media, financial crisis, recession, global economy