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The phrase "depressing opportunity" is correct and usable in written English.
You can use it when describing something that has a silver lining but that is still quite unfortunate, or in a situation where someone is presented with an opportunity that is not as beneficial as it may appear. For example, "The recent job opening was a depressing opportunity for me as it would mean moving away from my family and friends."
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Weirdly enough, those who criticized her for having money – and talking about it – also took every depressing opportunity to virtually tug at her "unstyled" hair, her "frumpy" clothes, and her face.
Similar(57)
Recent studies by Michael Spence and Sandile Hlatschwayo (discussed last week in Economix by Uwe Reinhardt) and by David Autor describe how technological change and globalization are hollowing out job opportunities and depressing wage growth in the middle of the skill and occupational distributions.
"Today's election is a genuine opportunity to change the depressing direction in which Israel is headed," said the newspaper.
Enter one enterprising baby boomer who I guess sees our generation's depressing prospects as a charming business opportunity.
"This very well might undercut educational opportunities for such minorities, while depressing property values in districts with a substantial share of minorities.
Realizing this deeply -- especially during the holidays -- is not a depressing thought, but can offer us a special opportunity.
The consensus is that less-experienced investors will shun Africa and the Middle East in the short term, depressing stock values, but that this may present longer-term opportunities for more patient prospectors.
That may seem a bit depressing - because frankly it is - but it's also an opportunity.
Shell portrays this "gas revolution" as a big opportunity to exploit the company's expertise, even though low prices are depressing profit.
Very depressing.
Depressing, indeed.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com