As of today, official records state that there are 311,917 deaths and 4,707,069 infected.

Source.

On March 15th, there were 6,532 deaths worldwide.

In two months as stated above, we have come to 311,917.

We have several problems with measuring cases, deaths and mislabeled deaths.

The amount of mislabeled deaths is relatively small, and often times there are other complications that COVID-19 likely aggravated or influenced. (You can in fact, have the flu and COVID-19 at the same time.) In a country like America, we can safely say that the difference between mislabeled and unlabeled very likely balances it all out so the number is likely similar.

Another gigantic problem comes with countries deliberately mislabeling patients and suppressing the numbers of patients who are actually infected. So we are going to need to use ballpark numbers instead of having exact figures.

Japan, for instance, isn't even bothering to really count patients and has stated that it will not release data for a few more years, as per usual with pneumonia.

However, a Japanese official who gave an off-the-record briefing to Asia Times suggested that a “don’t ask, don’t tell” strategy, based on minimal testing and buttressed by information massage, has been quietly emplaced.

Mexico, where I live, has also been hiding COVID-19 deaths in an effort to open the economy. https://www.nytimes.com/2020/05/08/world/americas/mexico-coronavirus-count.html

I've noticed it because I know a lot of people here due to my work as an English teacher. I have worked in major companies like TELCEL, Bimbo Bread, Teradata and SOFTEK among numerous others -- my information stream has quite the girth (oh yes) and is constantly replenished with new people getting sick but not being counted officially. In fact, they cremate people before they can even be tested when they do die.

There are at least 74,000 extra deaths that have not been counted officially.

This is on top of the abnormal spikes of dead people all over the world. People who need care can't get it because COVID-19 patients require 2 to 6 weeks depending on the severity and often require a hospital bed as opposed to 7 - 10 days for the flu and obviously the flu doesn't require a hospital stay as often nor as long as COVID-19.

Operation Dark Winter was a simulated bioterror event to emulate what it might look like if our ability to medically "flex" (handle a high volume of patients rapidly) should we be attacked by a biological weapon. The simulation was an abject failure and President George W. Bush, President Barack Obama and President Donald Trump have all ignored the findings in the study.

"What can we do?"

Quarantine is the absolute best measure to stopping an illness and having it not spread. It's one of the oldest tactics and everything I've seen regarding the illness is that it may be here to stay permanently.

In a perfect world we would simply apply a UBI + VAT system in order to keep currency circulating and provide a cushion for both renters and rentees and keeps the economic engine running.

In our world, we'll likely reopen early and have serious problems keeping things running due to certain demographics simply not being able to work. If we were to only isolate the immunocompromised people in the United States, it would be nearly 100 million people, equal in number to America's entire working class.

So, to finish this up:

There are falsely reported COVID-19 Deaths, but there are also many deaths that aren't reported, probably far more. China by themselves is said to have at least 600,000 and counting.

The likely number of dead directly by COVID-19 is probably closer to a million than it is 300,000. The number of dead due to no hospital room (like Italy) is probably significantly higher in urban areas (New York, et al).

Anyway, wash your hands, take this seriously and reconsider how you want to open the country up if you think just going back to work and doing nothing is the correct recipe.