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Not according to the latest Imperial model, which puts total deaths at 550,000 assuming a 'do nothing' policy. Still a lot of people, but not a million. Obviously it's just a model, but it's the best forecast I'm aware of.
It's still possible you could end up with over a million fatalities of course. If the reported fatality rates overall of 2% you'd be at about 1.3 million. However, most studies put the IFR for C19 at just under 1%. Still far more lethal than seasonal flu, where the IFT is under 0.1%.
Thought the 'do nothing' mortality figures were potentially north of half a million? Which would be more than the UK total civil and military deaths during the Second World War, in about a third of the time; mass disruption seems inevitable whatever government does.