Verizon Communications Inc Chief Financial Officer John Killian said he is happy with growth trends so far in the second quarter and he expects 2009 to be a good year for revenue and cashflow growth.

Speaking at the Reuters Global Technology Summit in New York on Wednesday, Killian also said he believes the economy is stabilizing and will not get worse, and perhaps begin to recover this year and into 2010.

I think we've seen some stabilization in terms of the current situation with the economy. We really don't see it get a lot worse but we haven't seen it pick up at this point, Killian said.

I think we're going to have a good 2009, he added.

Asked about Apple Inc's iPhone, sold exclusively by rival network AT&T Inc in the United States, Killian said Verizon was very satisfied with the company's lineup of devices.

(Reporting by Sinead Carew and Ritsuko Ando; Editing by Tiffany Wu and Brian Moss)