the number of deaths is exploding in italy 
The old die quickly, it skews the data. Only the very ill are iidentified and included. People who have it mildly aren't recorded in the data because they are never diagnosed.
It's like this. The virus is stupid contagious, to the point that 70% will get it. We can't stop it, only slow it down.
There are globally 100k reported cases (ballpark) when we know modelling shows millions have it right now.
So you have maybe 10% at best being included in the data set who would represent the hospitalised and really sick. Meanwhile 90% have a cold and no idea they have this virus of which even if you see a doctor if you look healthy they say you have a cold and move you along.
The globe is looking at 20% of the population (eldery) being wiped off the map. The rest of us will be fine. Financially decimated, but alive.