I think that there is a bit of an obsession with inter country competition in death rates and also with proving the total death rate is higher.
It is almost impossible to compare countries due to a variety of confounding factors including population density and age of population. In addition, if the normal infectivity rate is 2.5, locking down 5 days later approximately quadruples the number of deaths.
I do think that the World, to date, has done remarkably well with only 200,000 deaths. Even if you double this (due to underreporting) 400,000 deaths is hardly noticeable in a population of 7,000,000,000 people. If we have passed the peak, the total deaths of the first wave should be well under 1 million, and probably under 750,000.
The question is where we go from here....