Graphic detail, a data feature from The Economist, highlights an excess of deaths in line with the COVID-19 crisis, but not attributed to COVID-19. The implication is that if excess deaths rise and fall in high correlation with recorded COVID-19 deaths, and the exceed expected mortality, they are probably COVID-19 deaths. It is only where actual deaths minus COVID-19 deaths are falling below the expected line that other effects are likely: either a real drop in non-COVID-19 deaths (such as arising from reduced accidents) or some predicted deaths being counted as COVID-19 due to the presence of COVID-19. 

Do take a look at the whole article: 

https://www.economist.com/graphic-detail/2020/04/16/tracking-covid-19-excess-deaths-across-countries