This page shows earnings growth and earnings revisions ratios in the U.S., Europe, emerging market and Asia Pacific ex-Japan. The left chart shows 2021 and 2022 consensus estimates for earnings growth in the U.S., Europe, emerging markets (EM) and Asia Pacific ex-Japan. As you can see, the EM region is expected to have the strongest earnings growth out of all countries and regions over the next two years, as most EM economies are recovering from a lower base.