A lot of people derive enormous comfort and security from the belief that there's a social class who can predict the future. In the past they were shamans and oracles reading goose entrails, nowadays they're analysts and economists reading Excel entrails. In the Foundation trilogy they were psychohistorians, basically economists on steroids.
I think it takes a certain amount of bravery to accept that there are no "experts" when it comes to predicting the future.
How was the wait and see approach supposed to drive a spike in unemployment? They're waiting not moving so jobs aren't moving yet. As for a decline in investment we are seeing that and you'd expect the resulting decline in the economy to lag behind that.
Unless you want to argue that the recent economic signs are positive?
It sort of sounds like you're still trying to argue that the prediction was correct. Are you?