While the true mortality of COVID-19 will take some time to fully understand, the data we have so far indicate that the crude mortality ratio (the number of reported deaths divided by the reported cases) is between 3-4%, the infection mortality rate (the number of reported deaths divided by the number of infections) will be lower.
Yes... and the number of dead people will also obviously be higher - because the disease has not yet run its course in all of the reported cases.
Here is Lancet from 12 March estimating 5.7% final mortality rate among confirmed cases.
https://www.thelancet.com/journals/laninf/article/PIIS1473-3...