At this point, the incidence of asymptomatic or mildly symptomatic patients with CoV is unknown. To use an analogy, we see the tip of the iceberg, but can't gauge it's depth.
You’re assuming that the relevant authorities are telling the truth about the number of new cases. It seems to be to be the tip of the iceberg, with only those exhibiting symptoms being checked.
Yes, this is a fair point. To KB's warning, I won't speculate on authorities hiding the number of cases, but they may honestly not know, because in the West, there hasn't been much testing. It's been pointed out, e.g., that the first apparent community-based case in the U.S. almost certainly came from an infected individual not in the current count . A recent study of Iran, which has reported 300+ cases, estimates there could be 18,000 infected people.
OTOH, we have the largest dataset by far from China, and the slowing down of new cases there indicates that there are relatively few infected people under the radar. Or if there are, they aren't transmitting the virus very efficiently. And the mortality rate is > 2% in China. Below, I've linked to a more detailed analysis of a group comprising more than half the cases in China.
Also, S. Korea is now carrying out extensive testing, thousands of people a day, and as data accumulate, we should have a better idea of how many people are infected. As of a day ago or so, about 65,000 people had been tested. The total number of known positives in the country is about 3% of that, but the population being tested is people with respiratory symptoms.
A lot of viruses can remain dormant before reactivation. People on anti-retroviral therapy have undetectable levels of HIV in the blood, but it doesn't mean that they are cured. The 'reinfection' case in Japan agrees with observations of a similar phenomenon seen in China. It is just another hurdle to combating the spread of the virus.
COVID-19 is not a retrovirus. There are other viruses that can have latent phases, e.g., herpes and papilloma, but I'm not aware of any flu or related viruses that behave in this way.
the world's media who really love nothing more than a big scare.
Yes, the media are loving this. Really bad news sells.
Edit: Here's a very interesting analysis of the cases in China, which suggests that age really is a huge factor. About 15% of the cases resulted in .death for patients 80 years or older, and 8% for patients 70-79. The death rate for individuals age 10-69 was less than 0.2%, and no deaths were reported for children under 10 years old. All the deaths resulted from cases classified as critical (about 5% of all cases, with a death rate of about 50%).
This is only one study, and the disease may manifest differently under other conditions. E.g., the very high death rate in Iran, still around 10%, is worrisome (but is also a reason why some think the actual number of infections is much higher). Still, if you are under 70 years of age, and/or have mild or even severe symptoms, the outlook does look very good. These data also raise the question of how many people who have died from the virus were at significant risk for dying even before infection. The high death rates for older people may reflect that this group has a very high rate of other health problems, and not so much age per se. At the very least, the data suggest that older people should be a priority in precautionary measures, including testing and confinement.
https://jamanetwork.com/journals/jama/fullarticle/2762130
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