We are still waiting for the recovery in our economy but the political transformation and economic reforms are very painful for our society.

recovery 是名词，来自动词 recover（恢复、复原），re- 是前缀表示"重新"，cover 表示"覆盖"，合起来字面意思是"重新覆盖"，引申为"恢复、复原"。 recovery 在这里指经济从衰退或低迷状态中"恢复、复苏"的过程。