I think that's true. Way back in March, there were some studies positing a less than one percent fatality rate per infection. Maybe they were correct, or maybe it's just mutated to become less lethal.
The Chinese seem to have almost totally eradicated it, but no western style democracy is going to adopt those methods. Taiwan was able to do it because it's an island and could totally shut itself off in terms of human contact because of early warning plans based on close monitoring of affairs.
The less restrictive but supposedly wonderful systems set up in Germany, with lots of testing and lots of contact tracing, seem to have failed even though their family interactions are less frequent.
So, is the choice are we going to totally shut down our economies and go into a world wide depression, or are we going to mitigate the situation as much as we can by using masks and socially distancing to the extent possible so as not to overwhelm hospitals but remain open until or if a vaccine is available, and just take the hit.
There's really no acceptable choice; I'm glad I don't have to decide.