Turkey's economy grew faster than forecast in the second quarter, with GDP expanding 3.8% despite a challenging political environment.
President Recep Tayyip Erdogan has issued a degree calling for new parliamentary elections after talks to create a coalition government failed.
The AKP won the most seats in June's general election but missed out on a majority and has been unable to reach coalition deals with smaller parties.
Turkish President Recep Tayyip Erdoğan has said he expects Turks to go to the polls again on November 1st, although an official announcement will have to wait until Sunday when the 45 day deadline for someone to form a government will expire.
The ruling AKP Party, led by Prime Minister Ahmet Davutoğlu, has been unable to reach a deal with any other political party to form a majority government.
The AKP, founded by former prime minister and current Turkish President Recep Tayyip Erdoğan, lost its parliamentary majority in June's elections - observers expect Turks will likely have to go to the polls once again.