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Don't downplay it.Am I missing something or does it all seem a bit over blown with lots of media hysteria?
You are only going to die if you are old and/ or have some existing health issue. The mortality rate is more than the flu but not dramatically so.
WHO's calculated reported mortality rate is now 3.4 percent. about 35 times that of the present seasonal flu. What do you consider "dramatic?" In either case there are unereported mild cases, but by definition we don't know how many. Yes, the rate is higher among the elderly and people with issues, but the rate is still higher than flu among men in their thirties. Children do quite well with it, but that may make them carriers.
Good news is that it does not appear to be as contagious as flu. Maybe look for outbreaks popping up here and there for some time to come, rather than a sweeping epidemic. So far rapid spread has only occurred where temperatures are fairly cool. Yes, that includes northern Italy and NW Iran (Tehran and Qom are at altitude) this time of year. Like most flu outbreaks, it may be seasonal, but for the time being that is little help down under.