Mohamed El-Erian possibility of deflation and a double-dip recession in America at 25 percent

Mohamed A. El- Erian, chief executive officer at Pacific Investment Management Co., estimated the possibility of deflation and a double-dip recession in America at 25 percent. there was a 25% chance of the US falling into a double-dip recession and deflation."The US is still able to avoid deflation. We do not think that deflation and double-dip is the baseline scenario, but we think it's a risk scenario," Mohamed El-Erian was reported as saying by Reuters.
meanwhile Nobel Prize-winning economist Joseph E. Stiglitz said the U.S. economy faces an “anemic recovery