I have heard it said that Python is faster than Perl, but the only actual comparison I have done (parallel implementations of Conway's "Life") says that Perl is slightly faster but Python has a slightly smaller memory footprint. My opinion is that if speed is truly a consideration you will reject both languages in favor of a compiled language. My C implementation of Life had a much larger memory footprint (no readily-available hash implementation) but was orders of magnitude faster than either Perl or Python.
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