This is escalating exponentially. The current numbers will be a drop in the bucket if we do not take action.
If I gave you a penny on day one and doubled the amount I gave you each day you would have over $10M dollars by the end of 30 days. That is what is happening with this virus. Every 3-4 days the total infected is doubling in each region.
If as some people have predicted this could eventually infect 50-60% of the population then a 2% fatality rate kills more people WWII. If it kills even a tenth of that that is still extremely serious.
Forget how people and the media are reacting and look at what governments are doing. China quarantined millions of people. Italy quarantined the northern regions, and then the entire country, and then went even further when those first two didnt work. Denmark and Ireland, all schools closed. Slovakia, borders closed. This is no tsomething they would do if they felt it was not a serious issue.
In the USA there were just 100 confirmed cases on March 2nd. As of March 10th there were 994. That is a ten fold increase in 8 days.It took Italy 8 days to go from 79 cases to 1128. It took them 10 more days to hit 10,149.
This is not unique to USA and Italy. Germany France and Spain were all at or close to 1,000 confirmed cases within 8 days of hitting 100.
South Korea went from 11 on Feb 20th, to 1,261 on Feb 26th.Iran went from 95 on Feb 25th to 978 on March 1st.
Part of this is due to a lack of early testing, and we know that the US is currently not doing wide spread testing, which means its unclear how widespread this issue is.