Europe 'Lucky' to Hit 1% Growth in 2019, El-Erian Says

The video discusses the economic divergence between the US and Europe, highlighting the US's stronger fundamentals and growth prospects. It explores currency dynamics, particularly the strength of the US dollar and its implications for global markets. The discussion also covers emerging markets, focusing on Argentina and Turkey, and the risks of contagion due to global liquidity conditions.

Discuss the economic situations in Argentina and Turkey as mentioned in the text.

What lessons can be learned from the emerging markets regarding contagion and global liquidity?