welcome to Health care magic.
1.Yes, you can fully recovery to normal physical status.
2.Your reports ill try to explain - there is a disc in between the vertebrae, when this disc is slips back and causing pressure on the theca sac ( spinal chord), and the disc causing pressure effect on the
nerve root ( the nerve which passes through the foramen).
3.The treatment starts from simple exercises to the interventions / operative procedure.
4.In your case it seems like early stage - a good exercise will help in your case. a link attached to guide with exercise.
http://www.nhs.uk/Livewell/Backpain/Pages/low-back-pain-exercises.aspx
5.you keep this in daily practice - you will be fine, Try to maintain good position care while sitting, working, lying. good luck.
Hope it helps you. Wish you a good health.
Anything to ask ? do not hesitate. Thank you.