Gloomy, eh?

European countries are not increasing their defense budgets in proportion to overall spending, resulting in a reduced demand for weapons contracts.

You might think that was a good thing.

That's because you're not an arms contractor!

Otherwise, you would be concerned about the "Gloomy Outlook for Europe."

It's funny how being immersed in a particular work environment can warp your perception of good and bad. Whoever wrote that title almost certainly didn't think there was anything odd about it.