U.S. GDP grew at a blistering 4.3% pace in the third quarter

The U.S. economy grew at a blistering 4.3% annual pace in the third quarter, according to new government data released Tuesday.

That growth in U.S. GDP — the nation’s output of goods and services — far outpaced the forecast for 3% growth, according to economists polled by financial data firm FactSet. The third-quarter figure, released by the Commerce Department, reflects an uptick from the second quarter’s annualized growth of 3.8%.

—This is a developing story and will be updated