Chinese government statistics can't be trusted but in Italy, the government is reporting that they have 219 people affected (mostly near Milan and Venice) and 5 casualties, so that's 2.3% death rate, which is lower than the "common" flu.
Not hardly. You need to recheck your facts. The mortality rate from the "common" flu ranges from
.05 to about
.1%. Throughout the outbreak, the death rate for 2019-nCoV has been about 2%. Comparing it to the worst pandemic of modern times (the Spanish flu outbreak during and after WWI), it's estimated that 10% to 20% of those who were infected died. So, at this stage, much worse than the regular flu, but not as bad as the Spanish flu.
There was a doctor on CNBC this morning. Unlike a lot of the jabbering talking heads on TV when I got home, this fellow didn't seem to be political. He was just trying to deliver good sound information. He said that the warmer weather of spring and summer likely would dissipate the spread of the disease, but that this fall and winter would see it picking up again. But by fall, we should likely have something of a handle on treatments, though probably not a vaccine. Even for the "common" flu, the vaccines tend to be hit or miss because there are so many strains. I always get a flu shot, but I got the flu this year. If there are (or will be) multiple strains of coronavirus, that could prolong the search for effective vaccines.
The doc said that the most important things we can do are behavior modifications: don't grab and hug people, don't touch foreign objects and then touch your face, etc.