Narrow escape (4,4)
'narrow escape' is the definition.
(thesaurus)
This is the entire clue.
(Other definitions for near miss that I've seen before include "Narrowly-avoided accident" , "Not a direct hit, but very close" , "Almost successful shot" , "Narrowly avoided collision, not quite on target (4, 4)" , "Failure just" .)
'narrow escape' is the definition.
('touch and go' can mean close to going badly)
This is all the clue.
(Another definition for touch-and-go that I've seen is " (Of an outcome) possible but very uncertain".)