When this is all sorted out and we have the spare test kits and a couple years to monitor COVID-19, we're going to find that infected virtually everyone and it has a mortality rate close to the common flu of about 0.1%.
In addition, and we'll find this out a lot sooner than later, we will find that all this economy killing stuff: the self-quarantining, social-distancing, school closings, restaurant closings, daycare closings.... we're going to find that it didn't do anything to "flatten the curve" in any substantial manner.
So we are currently killing our economy and reducing our ability to respond to the impending needs for a snake-oil cure that apparently nearly every world leader has purchased.
When 20% of cases involve viral pneumonia, and require a ventilator to survive, no this is not "just like the flu." As to flattening the curve, our medical infrastructure cannot handle hundreds of thousands of people on ventilators simultaneously. If that limitation is exceeded, then many, many people will die from pneumonia. Ensuring we never exceed our infrastructure's capacity will ensure a high survival rate.
However, if this economic slowdown continues too long, and is too harsh, then people will suffer more than from the virus and its effects. It's a balancing act.
Sorry, pede, but critical cases are 2.19% of active cases.
Sauce