COVID-19 death rates in China are about 2-3% and significantly lower outside of China. (less than one percent). Probably due to the healthcare systems in the Hubei region being pushed to its limits.
Bad flu seasons in the US generally have a fatality rate of about 0.2% and infect about 30 million people annually, killing about 60000.
So even if COVID-19 cannot be contained and will linger around it will likely not be as deadly as influenza.