It isn’t clear that the corona virus will have a noticeable effect on death rate in any specific city, region, or country. It would have to kill a lot more people before it even showed up in the statistics in a place like Wuhan that has gotten the brunt of it, I think.
so, only a fraction will be infected? What's your evidence for that assumption? Or it's burnt out in Wuhan? How can Italy have like the same fatality number for _a lot_ less people? Basically we don't know and we've been following experts claiming "it's a flu" for about 3 months. Then people started dying in Wuhan, Iran, Italy? Don't you think that we should maybe try something different now?
For the death rate to rise, a lot of people have to get infected and die. Keep in mind there are a lot of deaths from everything else, so for the corona virus to bring that overall death rate number up in any meaningful way, it would have to be huge.
death rate (mortality) of the total pouplation is around 1-2%/year. Yeah, the coronavirus would have to be huge to increase that - but what is your evidence that it's not being able to get as huge?