Indonesia’s economic state of affairs has been the subject of a heated controversy lately. Industries bemoan a weaker purchasing power and slumping businesses. The government defends itself by offering growth figures of 5.01 percent year on year at the end of Q2 2017. Everything should be fine, say the officials.

The government’s defense becomes more convincing when we see the Jakarta Composite Stock Index (JKSE). Referring to this index, in