A 20% death rate is highly unlikely.The Italian researchers who sequenced the Italian strain believe that the virus has been circulating widely in Italy since January, even before Italy banned direct air flight to China. This seems to be confirmed by the fact that almost all the new cases in Europe are originating from big Italian cities. If the death rate was 20% we should start to see a lot of death in Italy and it doesn't seem to be the case. Iran and Egypt also seems to be largely hit, as many tourist back from Egypt have been infected. Now getting the real death rate is going to be a very complicated game, especially if many infected patient remain without symptom.
I tend to believe the virus is already highly circulating in a high number of place of the planet where the health system is bad, and lacking testing capabilities. We are even starting to see untraceable cases in the USA.