Meaning of “breathing space” in the English Dictionary

business-english dictionary

(Definition of “breathing space” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"breathing space" in Business English

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breathing spacenoun [ U or S ]

uk us US also breathing room

a period of rest from a busy or difficult situation in order to get your energy back or give you more time to think about what to do next:

Troubled companies have a 28-day breathing space in which they can reorganise their affairs.
allow/give sb some breathing space The change of date gives the two sides some breathing space to strike a last minute deal.

(Definition of “breathing space” from the Cambridge Business English Dictionary © Cambridge University Press)