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The fiscal uncertainty has already eroded business confidence.
"Fiscal uncertainty continues to erode business confidence and growth prospects".
As the case of Germany in the late 1990s shows, fiscal uncertainty can influence consumption.
"These are expenditures that are not imperative in this time of fiscal uncertainty," he said.
In this cycle of fiscal uncertainty, it appears that people are feeling the squeeze.
But in the aggregate, those little delays, coupled with fiscal uncertainty, are stretching out the recovery process.
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A communique released by the IMF said: "The US needs to take urgent action to address short-term fiscal uncertainties".
"And we will have adequate resources to react to any changes in the economy or other fiscal uncertainties".
And Yi Gang, an official with China's central bank, said the fiscal uncertainties "must be addressed promptly".
"And given the fiscal cliff uncertainty, there was no knowing what the numbers would be, what the base was off of which the policies would be proposed.
Recession continues to afflict Europe, and the world still struggles with high unemployment, but the greatest risks — in particular from the threat of a country's leaving the euro zone and from fiscal policy uncertainty in the United States — have faded.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com