Cryptic crossword clue
At present concerned with a situation doomed to failure 2-3

The most common and most likely answer to this crossword clue is the 6 letter word NO-WIN

I've seen this crossword clue in Financial Times
N
O
-
W
I
N


Buddy explains!

The straight part
We know that "a situation doomed to failure" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case a situation doomed to failure = no-win.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does NO-WIN mean?

NO-WIN adjective
  1. Bound to end in failure.

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