Those declines represent a sharp reversal of fortune from the early part of this year when the ETFs soared and Indonesia was considered a possible replacement for India in the famous BRIC acronym . Adding to the persistent bout of bad news for EIDO and IDX is Indonesia's widening current account deficit, which rose to a record $9.8 billion last quarter, Bloomberg . A widening account deficit, plunging currency, sliding stocks, inflation problems and a tenuous credit situation makes Indonesia sound a lot like India .