2 By a journalistic convention 'government economic policy' = 'the government's economic policy'.
3 Governments (especially in the months before a General Election - if this is the UK government) have to sound positive. Rather than 'a recovery may happen' they say 'The recovery will take... [but it will surely come]'. 'The' means (here) 'the one we're working towards'. If you said 'a recovery' it would suggest uncertainty.
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